Who will look after your finances if you can't work due to sickness or injury?
Health insurance may cover a proportion of your medical bill, but it won't cover your rent or mortgage and living costs. With Income Protection insurance you get up to 75% of your regular income if you can't work due to disability.
In addition your premiums may be tax deductible, depending on your individual circumstances.
| Income Protection Platinum | Provides a comprehensive range of benefits and additional options for people in most occupations. |
| Income Protection | Provides a wide range of benefits and additional options for people in most occupations. |
| Income Protection Special Risk | Provides a range of benefits and additional options for people who work in certain occupations which are hazardous, or present special assessment difficulties such as armed security guards. |
| Cover for | Income Protection Platinum* |
Income Protection |
Income Protection Special Risk |
|---|---|---|---|
Loss of income due to Total Disability |
Monthly benefit payable up to the end of the benefit period. Between the ages 65-70 additional claim requirements apply. |
Monthly benefit payable up to the end of the benefit period. Between the ages 65-70 additional claim requirements apply. |
Monthly benefit payable up to the end of the benefit period. |
| Loss of income due to Partial Disability | A proportion of the monthly benefit payable up to the end of the benefit period. | A proportion of the monthly benefit payable up to the end of the benefit period. | A proportion of the monthly benefit payable up to the end of the benefit period. |
| Rehabilitation expenses* | Yes | Yes | Yes |
| Rehabilitation bonus* | Yes | Yes | Yes |
| Disability due to mental disorders or drug abuse/dependency# | Yes | Yes | Yes |
* Not available for MLC Insurance (Super)
# Can choose to reduce your premium by excluding this disability via the Premium Saver Option
To find out more about Income Protection insurance see MLC Insurance (Super) PDS, get in touch with a financial adviser or call us on 132 652.